Listen to the full episode here:
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YouTube:
https://youtu.be/mSEt1xML3-Y
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Audio Podcast:
https://www.techcareersandmoneytalk.com/money-conversations
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Investing in assets, not liabilities, is a key principle that the ultra-wealthy follow to build and maintain their wealth. Assets are defined as items that grow in value or provide income, while liabilities are things that cost money and decrease in value. By focusing on acquiring assets, individuals can increase their net worth and generate more income over time.
One of the main reasons why the ultra-wealthy prioritize assets over liabilities is because assets have the potential to appreciate in value and provide passive income streams. This allows them to grow their wealth and secure their financial future. In contrast, liabilities drain resources and do not contribute to long-term financial stability.
In this episode of "Tech Careers in Money Talk," host Christopher Nelson reflects on one year of podcasting and shares 10 valuable lessons learned.
